Ethereum Co-Founder: SharpLink Aims to Accumulate ETH Faster than Other Companies

According to two sources familiar with the matter, U.S. President Donald Trump met with advisors on Friday (local time) to discuss a government ethics provision under consideration for inclusion in the Cryptocurrency Market Structure Act, also known as the CLARITY Act. The meeting came ahead of a procedural vote in the Senate next Tuesday, which will determine the fate of the CLARITY Act. Senate Democrats have demanded the legislation include ethics language applicable to government officials, aimed at limiting Trump’s ability to profit from his family’s crypto businesses. It remains unclear what the outcome of the meeting was, or which advisors attended. The White House did not immediately respond to a request for comment on Saturday evening. Trump’s senior crypto policy advisor Patrick Witt posted a positive signal on X on Saturday, saying: “For the pessimists on the CLARITY Act, today is a bad day.” This comment suggests the bill’s advancement may be making progress. The ethics provision has been one of the key hurdles facing the CLARITY Act in the Senate, as the two parties have long held sharp disagreements over whether enforcement authority should be led by the Department of Justice or state attorneys general. The procedural vote next Tuesday will test whether the two parties can reach a compromise on this core dispute before the Senate adjourns.

South Korea’s government bill on the Digital Asset Basic Act is entering its final submission window this month. The Financial Services Commission (FSC) had originally planned to submit the parliamentary legislation under the name of National Assembly Legislation and Judiciary Committee Chairman Yoo Dong-soo within this month, but the schedule has been delayed. The ruling party plans to hold a hearing as scheduled in late this month, but if the government bill is not submitted, the hearing may devolve into a repeat of previous discussions. If this month’s window is missed, due to the overlapping impact of October’s state audit and budget deliberations, final passage could be delayed until the first half of next year. The Democratic Party of Korea has also proposed an amendment to the Capital Markets Act, which would allow non-monetary assets such as real estate, artworks, and intellectual property to be issued as trust beneficiary securities. The amendment is scheduled for discussion at the National Assembly Legislation and Judiciary Committee’s Bill Subcommittee on September 15. Separately, the party has called for a review of the January 2025 virtual asset taxation deadline, noting that information related to on-chain wallets, airdrops, and hard forks is difficult to automatically reconcile with tax authorities. It also proposes raising the basic deduction threshold and introducing loss carry-forward deductions.

According to GMGN data, most top trending meme tokens on the Robinhood and BSC chains have seen a pullback today, while popular meme coins on the Solana chain have performed relatively strongly. Most cat-themed meme tokens are rising, with details as follows: Robinhood chain: ANTHROPIG is down 45% in 24 hours, current market cap at $6.4 million; CATGPT down 39% in 24 hours, $6.5 million; CASHCAT down 7.2% in 24 hours, $167 million; AI down 24% in 24 hours, $249 million; microduck down 7.2% in 24 hours, $7.7 million; BONER down 13.5% in 24 hours, $34 million; pair.fund platform token PAIR down 10.2% in 24 hours, $6 million; UBIK down 27.6% in 24 hours, market cap now at $24 million. BSC chain: BREW down 11% in 24 hours, $15 million; 4Stock down 14.5% in 24 hours, $26.3 million. Solana chain: EMBER up 23% in 24 hours, $33 million; STONK up 10.2% in 24 hours, $239 million; CATE up 30% in 24 hours, $54 million; ZCAT up 31% in 24 hours, $98 million; RAYCAT up 14% in 24 hours, $9 million; LEVERCAT up 28% in 24 hours, $4.1 million; BATON up 110% in 24 hours, $14 million. BlockBeats reminds users that token prices are highly volatile, so investment requires caution.

According to GMGN market data, the Robinhood ecosystem meme coin WALLET briefly surged past $76 million in market capitalization to hit an all-time high, before pulling back to $63 million. It has recorded a 33% 24-hour gain, with trading volume hitting $1.9 million over the same period. The token was issued via Noxa on July 10, and its deployer wallet is linked to funds from Robinhood CEO Vlad Tenev’s demo wallet as well as interactions with product manager Seong Lee. BlockBeats reminds users: Most meme coins lack real use cases and are subject to extreme volatility. Please protect your assets and avoid FOMO.

Beating AI Express: Multiple GitHub services are experiencing outages. According to GitHub’s official status page, at approximately 17:16 UTC+8 today, the platform launched an investigation into degraded availability of its API, Issues, Pages, and Pull Requests. An update at 17:25 UTC+8 noted impaired performance of GitHub Actions, with the issue still under probe. The latest update at 17:36 UTC+8 reveals that elevated replication latency in the collaboration system (collab) database led to a surge in authorization API errors, which further caused a rise in overall system error rates. The investigation remains ongoing.

Analyst Murphy says on-chain data can clearly reveal the trading sentiment of representative investors in the current phase. First, the group that bought BTC in the past 3–6 months has seen very little profit. In other words, most of those who bought at the bottom during this period are unwilling to take profits at current levels. These are the STHs (Short-Term Holders) closest to LTHs (Long-Term Holders). Traders not selling now are likely targeting medium- to long-term positions. Additionally, the group that bought BTC in the past 6–12 months has suffered significant losses, almost covering all tokens accumulated during the entire bear market. Many LTHs in this group are not genuine believers; they only became long-term holders passively after incurring unrealized losses. Thus, they are the most volatile group during every major dip or rally. From a macro cycle perspective, BTC will not fully enter its next phase until this selling pressure is gradually exhausted. Recently, Murphy published an article discussing why Bitcoin has struggled to break through the $82,000 level. First, STHs’ (Short-Term Holders) tokens are concentrated between $59,000 and $81,000. A break above $82,000 would trigger profit-taking from some short-term speculative capital, creating the first layer of selling pressure. Second, the most concentrated price range for LTHs’ (Long-Term Holders) tokens is exactly between $81,000 and $82,000. LTHs tend to exit when prices approach their break-even point, forming the second layer of selling pressure. The analyst notes that breaking through $82,000 is indeed a short-term resistance, as the market needs time to resolve divergences and absorb supply. Once the market regains momentum and successfully breaks through, the path ahead will be clear.